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Here’s ecommerce news you should know: 1. Six out of 10 Filipino prefers e-payment than cash In the recent survey conducted by global payment company Visa, Filipino showed a big improvement on the electronic payment system. Six out…
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Here’s what you should know today: 1. Gobi Partners closed $50M for its ASEAN-focused fund China and ASEAN-focused VC firm Gobi Partners made its first close at $50 million for its new Meranti ASEAN Growth Fund. The…
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Here’s what you should know: 1. Facebook Marketplace section will features deals from eBay Facebook announced that it will begin offering a selection of sales promotions from eBay on the mobile version of its Marketplace. Facebook…
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Here’s what you should know today: 1. Google Indonesia: 81 million out of 100 million internet users in Indonesia shop online Google Indonesia revealed the number of people in the country who shop through online marketplaces…
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Here’s what you should know: 1. Member.id raises seed funding to disrupt customer loyalty program in Indonesia Customer loyalty platform Member.id has raised an undisclosed seed funding round led by East Ventures to expand its team and…
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Here’s what you should know today: 1. Uber is suspended for one month in the Philippines The Philippines’ Land Transportation Franchising and Regulatory Board (LTFRB) has suspended Uber’s operation for one month. The suspension order came…
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Here’s what you should know: 1. Baidu teams up with JD.com to send users straight to the checkout China’s largest search engine, Baidu, has struck a deal to funnel users looking for products to online retailer…
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Here’s what you should know today: 1. President of Indonesia signed the ecommerce road map President Joko “Jokowi” Widodo has signed the long-awaited ecommerce road map that was expected to be issued at the end of…
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Here’s what you should know: 1. Chinese regulator launches investigation against Tencent, Weibo, and Baidu Chinese internet giants Tencent, Weibo, and Baidu are under investigation by Chinese government after reports of multiple violations. The Cyberspace Administration…
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Here’s what you should know today: 1. Facebook launches Watch, a tab dedicated for video content Facebook redesigned its video platform and renamed it ‘Watch’ to replace the current video tab. Over time the, tab will…
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Here’s what you should know: 1. Indonesia’s ecommerce transactions reach $5.6 billion in 2016 Bank Indonesia Governor Agus Martowardojo revealed that ecommerce transactions in the country amounted to $5.6 billion in 2016. The immense growth potential of digital…
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Here’s what you should know: 1. Vietnam’s online travel market is valued at $9 billion in 2020 Up to 45% of Vietnamese internet users book hotel services or air tickets, with the figure increasing by 11% annually, according to…
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Here’s what you should know 1. Rakuten launched first fully-online platform for trading and brokerage in Malaysia Japanese company Rakuten is bringing Japan’s most downloaded online trading application, iSPEED.my, and its trading website to Malaysia. The…
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Here’s what you should know today: 1. MOBY’s Petshop raises fund to expand in Singapore Singapore-based pet supplies ecommerce MOBY’s Petshop has raised $220,500 (S$300,000) from angel investors. The company is planning to put the new fund…
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Here’s what you should know: 1. SPH and Mediacorp launched Singapore Media Exchange Singapore Press Holdings (SPH) and Mediacorp are partnering to build a digital advertising venture called Singapore Media Exchange (SMX). SMX will offers programmatic advertising and…
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Here’s what you should know today: 1. Softbank confirms in talks with Flipkart after the failed buyout After Snapdeal walked out on the buyout deal from Flipkart, Snapdeal’s biggest investor Softbank confirms that it’s in talks with…
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Here’s what you should know: 1. JD.com rumoured to acquire Tokopedia Alibaba’s biggest rival JD.com is rumoured to have acquired majority stake in Tokopedia. If the rumour is true, Tokopedia will be another Indonesian startup that…
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Here’s what you should know today: 1. Alibaba invests $300M in fresh produce market Through its B2C subsidiary Tmall, Alibaba has invested $300 million in China-based ecommerce for fresh food Yiguo.com. Yiguo delivers perishable goods to…
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Here’s what you should know: 1. Fighting counterfeit products, Shell Malaysia goes online with Lazada Shell partnered with Lazada in Malaysia to launch an official store to sell motor oil products online. Customers from throughout the country can…
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Here’s what you should know today: 1. Kerry Logistics invests $30 million in Thailand Logistic provider Kerry Express plans to spend at least 1 billion baht or $30 million in Thailand to expand its networks and…
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Here’s what you should know: 1. Alibaba and Tencent similarly launch campaigns to wins over cashless customers As Chinese’s adoption for cashless society grow, the competition heats up between the two leading mobile payment giants, Tencent’s WeChat Pay and Alipay by…
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Here’s what you should know today: 1. Facebook will open an office in Indonesia Indonesia’s favorite social network site Facebook will open an office in Jakarta later this month as part of the requirements for its operation…
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Here’s what you should know: 1. Amazon hiring taxis to fulfill the demand of Amazon Prime in Singapore As the launch of Amazon’s Prime Now Singapore is met with a high demand, the company has resorted to booking taxis…
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Here’s what you should know today: 1. Following the US, Singapore may regulate some ICOs The US Security and Exchange Commission (SEC) announced last week that it may regulate certain crypto token sales after deemed it to be securities,…
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Here’s what you should know: 1. Amazon is expanding to South Korea It is reported that Amazon has hired dozens of full-time employees, including marketing, sales, technical support and service support related to online shopping business in…
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Here’s what you should know today: 1. The first cashless convenience store in Singapore opened by Cheers Convenience store chain Cheers unveiled the first unmanned, cashless convenience store at Nanyang Polytechnic. It’s the first of its…
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Here’s what you should know: 1. Indonesia is the largest Instagram users in APAC Instagram claims it records more than 45 million active users every month in Indonesia and a user growth of more than 100% since last…
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Here’s what you should know today: 1. HappyFresh is hitting business targets in Thailand HappyFresh Thailand announced earlier this year that it would invest over Bt200 million, or $5.9 million, to grow by more than 500%. The…
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Here’s what you should know: 1. Grab starts full operations in Myanmar After four-month trial period, Grab has begun full operations in Myanmar by launching localised apps with new safety and technology features. Myanmar is the seventh market for…
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Here’s what you should know today: 1. Shoppers at Qoo10 can now insure against defective goods A new partnership between Qoo10 and local insurer NTUC Income will allows shoppers at Qoo10 Singapore to purchase insurance protection against defective or…
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Here’s what you should know today: 1. Baidu partners with PayPal for mobile wallet service PayPal is expanding its presence on mobile by pairing up with Baidu, allowing the Chinese company’s 100 million users to make payment…
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Here’s what you should know today: 1. Amazon Prime Now launched in Singapore offering two-hours delivery Amazon officially launched its service in Southeast Asia starting with Singapore. The company is also rolling out its express, same-day delivery Prime Now…
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Here’s what you should know today: 1. Snapdeal accepts revised buyout deal from Flipkart Indian ecommerce company Snapdeal has accepted a takeover offer of $900 million – $950 million from its rival Flipkart. Snapdeal was once…
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Here’s what you should know today: 1. Amazon’s launch in Southeast Asia could happen this week The news about Amazon’s expansion to Southeast Asia has been circulating for the past year. Latest report from TechCrunch said the…
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Here’s what you should know today: 1. Singapore banks go digital to help SMEs and startups DBS Bank and OCBC Bank have launched digital services to help startups and small-medium enterprises (SMEs) with their administrative process….
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Here’s what you should know today: 1. Tokopedia in talks with Alibaba, JD’s deal fall through? After rumoured for months about possible investment from JD.com, Bloomberg reported that Tokopedia is in talks with another Chinese ecommerce…
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Here’s what you should know today: 1. Grab raises $2 billion from Didi Chuxing and Softbank Southeast Asian ride-hailing company Grab announced today that it’s raising $2 billion from existing investors Didi Chuxing and Softbank, Grab is…
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Here’s what you should know today: 1. CNI partners with 11street to goes online 11street has announced that it has recently entered into a partnership with CNI Holdings, a direct selling company for personal wellness products…
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Here’s what you should know today: 1. Go-Jek is enabling Go-Pay for transactions outside its ecosystem Indonesian ride-hailing Go-Jek confirmed that it soon will allow its users to do cashless payment with Go-Pay to merchants outside of…
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Here’s what you should know today: 1. Google Lounge is launched in Indonesia for budding entrepreneurs Google for Entrepreneurs and KIBAR announced the opening of Google Lounge in Central Jakarta. Sponsored by Google for Entrepreneurs, it’s providing…
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Here’s what you should know today: 1. P2P lending startup Julo raises seed funding Indonesia’s peer-to-peer (P2P) lending startup Julo raises undisclosed seed funding led by Skystar Capital, East Ventures, and Convergence Ventures. The funding will…
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Here’s what you should know today: 1. OCBC enables P2P funds transfer using QR Code in Singapore By integrating QR code with the infrastructure in PayNow, a feature for funds transfer on OCBC Pay Anyone app, it is…
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Here’s what you should know today: 1. Indonesia’s Fabelio is seeking investors for series B Online furniture markeplace Fabelio is reportedly in talks with potential investors to finalise its Series B funding, the company is likely…
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Here’s what you should know today: 1. DHL deploys electric motorbike for ecommerce delivery in Vietnam Ecommerce division of DHL Group, DHL eCommerce, has launched its nationwide domestic delivery operations in Vietnam, managed by hubs and…
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Here’s what you should know today: 1. Alibaba-backed Grana takes aim at Mainland China Hong Kong online fashion retailer Grana has expand to mainland China via an official store on Tmall. The company has recently scored…
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Here’s what you should know today: 1. Apple continues to push Apple Pay in China Apple is launching a large-scale promotion by offering special discounts for consumers who use its mobile payment method in mainland China,…
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Here’s what you should know today: 1. LINE expands with DGM59 acquisition LINE has acquired Thai-startup, DGM59 Co, to join its engineering development sources where it’s expected to enhance the capabilities of Line’s existing products. Previously,…
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Here’s what you should know today: 1. Restaurant booking platform Eatigo expands to India Bangkok-headquartered startup Eatigo announced the expansion of its services to users in Indian cities, Mumbai and Pune. The company, which offers time-based…
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Here’s what you should know today: 1. RedMart hired ex-Amazon and Facebook exec as Chief Product Officer Singapore-based RedMart has appointed Patrick Teo as its new Chief Product Officer (CPO) and Executive VP Engineering. Teo is hailed…
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Here’s what you should know today: 1. Singapore-based Tyrepac entered Thailand Singapore-based online auto tyre retailer, Tyrepac has made a foray into the Thai market via a partnership with Toyota Tsusho. Thailand is the fourth country that…
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Here’s what you should know today: 1. Singapore-based ShopBack expands to Thailand Cashback startup Shopback has announced its official expansion to Thailand – making it the sixth markets in Southeast Asia. There are currently over 100…
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Here’s what you should know today: 1. iPay88 expects more revenue from international market Malaysian payment gateway provider iPay88 expects more revenue contribution from international market by end of this year in accordance to its expansion…
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Here’s what you should know today: 1. Omni-channel customers tend to spend more in store The latest Customer Satisfaction Index of Singapore (CSISG) for retail sector have revealed the benefit of providing online shopping services on top of…
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Here’s what you should know today: 1. Alibaba experiments on cash-free store Tao Cafe Alibaba has recently demonstrated an experimental cashless cafe, using AI and data technologies built-in the Alipay e-payment service. Called the Tao Cafe, this…
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Here’s what you should know today. 1. Y Ventures Group raises $5.56m in IPO Singapore-based company Y Ventures Group has commenced trading on the Catalist growth board of the Singapore Exchange (SGX). The IPO saw it…
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Here’s what you should know today. 1. Indonesian state-owned bank BRI to acquires a venture capital firm Indonesian state-owned Bank Rakyat Indonesia (BRI) is preparing $37 million (IDR 500 billion) of funding to acquire a venture capital,…
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Here’s what you should know today. 1. Online retailers in Indonesia records big sales for Eid season. Blibli and Blanja.com have reported a significant revenues from sales during Ramadan this year, as Indonesian tend to shop more…
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Here’s what you should know today. 1. Add Ventures will focus on funding startups in Southeast Asia Launched last month with total funds of $85 million, Add Ventures is said to be focusing two thirds of…
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Here’s what you should know today. 1. 3 Tips from Nike’s customizable sneaker service that’s fast-growing in the China market NIKE iD, the service that allows customers to design their own Nike shoes, has never been as…
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Here’s what you should know today. 1. Nike will soon sell you shoes on Instagram Nike revealed its plan during an earnings call last week. It’ll join other select brands like Kate Spade and Warby Parker in using Instagram-style…
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Here’s what you should know today. 1. Amazon injects $260m more into India to fight off Chinese rivals Amazon pumped $260 million into its India unit last month, according to a regulatory filing. Amazon has been spending…
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Here’s what you should know today. 1. Thailand’s Omise acquires Paysbuy payments business, raises $25m in token sale Thailand’s Omise announced today that it will acquire the online payments business of Paysbuy from local telco Total Access Communication (DTAC). The value of…
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Here’s what you should know today. 1. Siam Commercial Bank and Ripple Launch the first blockchain powered payment service between Thailand & Japan Siam Commercial Bank (SCB), in collaboration with Japan’s SBI Remit, is using Ripple’s…
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Here’s what you should know. 1. Tencent’s investment in Go-Jek is ‘around $100m to $150m’ Tencent has invested around $100 million to US$150 million in Indonesian ride-hailing startup Go-Jek. Neither Tencent nor Go-Jek have confirmed the sources’…
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Here’s what you should know. 1. In China, Amazon’s ‘store of the future’ is already open One Chinese startup, however, is steaming ahead with its own version – and has already opened a handful of staffless convenience…
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Here’s what you need to know today. 1. Alibaba stock has gained 60.5% so far in 2017 Alibaba shares rose steadily from January to May, right alongside fellow e-tailing giant Amazon. Then Alibaba held a successful and convincing analyst…
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Here’s what you should know today. 1. Amazon completes acquisition of Zouq Amazon has completed its acquisition of e-commerce firm Souq.com, which was first announced at the end of March and sees the U.S. retail giant enter the…
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Here’s what you should know today. 1. Singaporean-founded gaming firm Razer files for IPO in HK A preliminary filing by Razer for a listing in Hong Kong shows that the Singaporean-founded gaming tech company has been piling…
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Here’s what you should know today. 1. Nike confirms it’s opening up an Amazon shop CEO Mark Parker has confirmed the companies are currently testing out a partnership. “We’re in the early stages but we really look…
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Here’s what you should know today. 1. Amazon introduces Prime Day to Chinese shoppers Originally begun three years ago to celebrate Amazon’s 20th anniversary, Prime Day, which is on July 11 this year, is an annual one-day…
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Here’s what you should know today. 1. Grab is adding Myanmar’s Wave Money to its mobile wallet Ride-hailing and mobile payments startup Grab is partnering with Wave Money in Myanmar. Drivers will be able to sign up for…
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Here’s what you should know today. 1. Naver eyes online financial services with Mirae deal Naver, the owner of LINE app is laying the grounds for becoming an online financial services provider by swapping its treasury shares with…
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Here’s what you should know today. 1. Alibaba spending $1b to boost Lazada stake to 83% Jack Ma’s Alibaba is hiking its stake in prominent Southeast Asian online retailer Lazada to 83% for roughly $1 billion. The…
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Here’s what you should know today. 1. Facebook now has 2 billion monthly users We’re getting to a size where it’s worth really taking a careful look at what are all the things that we can do…
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Here’s what you should know today. 1. Google is slapped with $2.7 billion antitrust fine by EU The European Commission – the European Union’s top administrative body and antitrust regulator – has fined Google US$2.73 billion…
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Here’s what you need to know today. 1. Airbnb’s Chinese rival Tujia widens the war to Asia Airbnb is doubling down on China this year, where it has been slow to expand. But it faces a strong…
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Here’s what you should know today. 1. Jeff Bezos says Amazon will ‘keep investing’ in India as rivals raise new war chests Amazon CEO Jeff Bezos has pledged to continue to invest in India as it bids…
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Here’s what you should know today. 1. Adidas has nearly doubled its US sneaker market share According to data from retail researcher NPD Group, Nike’s share of the US athletic footwear market was 34.7% last month, a…
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Here’s what you should know today. 1. Alibaba taps user data to drive growth spurt Earlier this month, it forecast annual revenues would increase 45 to 49%, besting analysts’ consensus estimates by 10 percentage points and adding…
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Here’s what you should know today. 1. New Jakarta co-working space links government with startups EV Hive and Jakarta’s Smart City program have launched a joint co-working space in the capital. The space, called JSCHive, will…
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Here’s what you should know today. 1. JD.com invests $397m into luxury marketplace Farfetch as part of a new strategic partnership JD.com, China’s second-largest ecommerce company after Alibaba, is pumping $397 million into Farfetch, a marketplace…
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Here’s what you should know today. 1. Amazon will now let you try clothes at home For many people, buying clothing online is not worth the hassle of getting a pair of pants or a shirt…
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Here’s what you should know today. 1. Razer takes minority stake in Malaysian fintech startup Razer has announced a strategic investment in Malaysian fintech startup MOL AccessPortal. MOL become the master distributor of zGold, Razer’s virtual currency. The…
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Here’s what you should know today. 1. Indonesia’s payments startup Kioson raises funding from gadget distributor Kioson, a direct competitor of Grab owned Kudo has raised a round of investment from MKNT, an Indonesian stock exchange…
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Here’s what you should know today. 1. Hike beats Whatsapp to launching messenger app payments in India The launch of Hike Pay not only shows an ambition to build a messaging platform, it also means Hike…
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Here’s what you should know today. 1. Temasek leads $70m investment in gym subs service ClassPass New York-based startup ClassPass has just closed a series C round worth US$70 million. The round was led by Singapore state…
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Here’s what you should know today. 1. Airfrov raises funding to let consumers buy stuff from overseas travelers Singapore-based Airfrov has raised a pre-series A round of funding worth $500,000. Airfrov is an online marketplace for people…
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Here’s what you know today. 1. Amazon’s purchase of Whole Foods isn’t just about groceries Amazon will buy Whole Foods for more than $13 billion. The Whole Foods purchase changes the landscape dramatically. Suddenly Amazon owns…
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Here’s what you should know today. 1. Malaysian fintech startup, Mycash Online reaches equity crowdfunding goal in a day The app serves foreign workers in Malaysia, letting them reload phone credit, pay bills, buy bus tickets,…
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Here’s what you should know today. 1. Indonesia’s Blibli acquires online travel agent Tiket Indonesian online travel agent Tiket has been acquired by Blibli, an ecommerce site backed by Indonesian tobacco conglomerate Djarum. It’s a 100…
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Here’s what you should know today. 1. Jack Ma is reportedly set to explore joining $1.5 billion fundraising round for Grab Alibaba co-founder Jack Ma may team up with SoftBank Group Corp.’s Masayoshi Son in a…
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Here’s what you should know today. 1. Instagram’s direct-response Story ads are available for self-serve buys Ads within Instagram’s Stories feed can prompt people to swipe up to visit a brand’s site or install its mobile app….
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Here’s what you should know today. 1. Amazon launches Prime Reload, offering 2% back on purchases funded through debit cards Amazon today is launching a new perk for Prime members that will give them cash back on…
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Here’s what you should know today. 1. Singapore’s Shopmatic raises $5.7m to expand to Indonesia, the Philippines Shopmatic is an ecommerce enabler for small businesses as well as individual entrepreneurs. Apart from building and managing their own…
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Here’s what you should know today. 1. Marketing automation startup Kofera raises pre-series A Kofera, a startup that automates parts of the digital marketing process, has raised a pre-series A round. The investment was led by MDI…
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Here’s what you should know today. 1. Intudo Ventures venture capital debut with $10 million of capital fund The launch debut fund is contributed by undisclosed limited partners as the founding general partners at leading venture…
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Here’s what you should know today. 1. JD.com poised to enter Thailand JD.com, China’s second-largest ecommerce company, plans to enter the Thai market later this year in a move to expand its overseas business beyond Indonesia. Thailand would be…
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Here’s what you should know today. 1. Alibaba to launch data center in Indonesia and India Alibaba Cloud, the cloud computing arm of Alibaba Group, announced that it plans to establish a new data center in…
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Here’s what you should know today. 1. Ikea is mulling 3rd party ecommerce sales Ikea is mulling selling its ready-to-assemble furniture and home goods online through third parties. In a statement emailed to Retail Dive, the…
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Here’s what you should know today. 1. Singapore Press Holdings sets up new venture with freelance services startup Prominent media organization Singapore Press Holdings (SPH) announced today that its wholly owned subsidiary, SPH Interactive, has invested $709,000…
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